Question: The City of Abernethy has three large bridges built in

The City of Abernethy has three large bridges built in the later part of the 1980s that were not capitalized at the time. In creating government-wide financial statements, the city’s accountant is interested in receiving suggestions as to how to determine a valid amount to report currently for these bridges.

Required
Use a copy of GASB Statement 34 as the basis for writing a report to this accountant to indicate various ways to make this calculation. Use examples that will help illustrate the process.



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  • CreatedOctober 04, 2014
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